German inflation hits record high

Meanwhile in Switzerland:

Inflation surprisingly falls to 3.3% in September.

https://www.watson.ch/schweiz/wirtschaft/478360751-inflation-sinkt-im-september-auf-3-3-prozent [in German]

[Translation from German by DeepL:]

Inflation in Switzerland surprisingly fell slightly in September. This is the first decline in inflation for almost two years.

However, consumer prices still rose by 3.3 per cent in September compared to the previous year, as the Federal Statistical Office (FSO) announced on Monday. In August, however, inflation had still been at 3.5 per cent - and thus at the highest level in almost thirty years.

The decline comes as a surprise. Most economists had expected a stabilisation or even a further increase.

The most expensive goods continue to be imported goods, which cost 7.8 per cent more in the month under review than a year ago - after +8.6 per cent in August. As in the previous month, the annual inflation rate for domestic goods was only 1.8 per cent.

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